Proficio Capital Partners LLC Takes $1.46 Million Position in Postal Realty Trust, Inc. (NYSE:PSTL)

Proficio Capital Partners LLC purchased a new stake in Postal Realty Trust, Inc. (NYSE:PSTL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,891 shares of the company's stock, valued at approximately $1,460,000. Proficio Capital Partners LLC owned about 0.48% of Postal Realty Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSTL. State Street Corp boosted its position in shares of Postal Realty Trust by 2.0% in the 3rd quarter. State Street Corp now owns 477,091 shares of the company's stock valued at $6,985,000 after purchasing an additional 9,394 shares during the period. Geode Capital Management LLC lifted its stake in Postal Realty Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 577,040 shares of the company's stock valued at $8,449,000 after buying an additional 19,600 shares during the last quarter. FMR LLC boosted its holdings in shares of Postal Realty Trust by 1.4% in the third quarter. FMR LLC now owns 3,446,129 shares of the company's stock valued at $50,451,000 after acquiring an additional 46,439 shares during the period. Barclays PLC grew its position in shares of Postal Realty Trust by 269.7% during the third quarter. Barclays PLC now owns 29,480 shares of the company's stock worth $432,000 after acquiring an additional 21,506 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Postal Realty Trust by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,799 shares of the company's stock valued at $1,637,000 after acquiring an additional 27,700 shares during the period. Institutional investors and hedge funds own 57.89% of the company's stock.

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Insiders Place Their Bets

In other Postal Realty Trust news, CAO Matt Brandwein sold 15,142 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the transaction, the chief accounting officer now owns 116,573 shares in the company, valued at approximately $1,661,165.25. This represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 19,452 shares of company stock valued at $277,332. 13.60% of the stock is owned by company insiders.

Postal Realty Trust Stock Performance

PSTL stock traded up $0.18 on Monday, hitting $14.03. The company's stock had a trading volume of 123,255 shares, compared to its average volume of 176,966. Postal Realty Trust, Inc. has a 1 year low of $12.26 and a 1 year high of $15.15. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.90. The stock has a market cap of $330.60 million, a price-to-earnings ratio of 175.45 and a beta of 0.68. The firm has a 50 day moving average of $13.42 and a two-hundred day moving average of $13.81.

Postal Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.2425 per share. The ex-dividend date was Friday, February 14th. This is an increase from Postal Realty Trust's previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 6.91%. Postal Realty Trust's dividend payout ratio is currently 461.90%.

About Postal Realty Trust

Postal Realty Trust, Inc NYSE: PSTL is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.